#London Stock Exchange selling Italy’s Borsa Italiana for B

#London Stock Exchange selling Italy’s Borsa Italiana for $5B

“#London Stock Exchange selling Italy’s Borsa Italiana for $5B” The London Stock Exchange is selling its Italian counterpart to French markets giant Euronext for about $5.1 billion, the companies announced Friday. Euronext will add Milan’s Borsa Italiana — Italy’s only stock exchange — to its existing portfolio of European exchanges in cities such as Paris,…

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#Clover Health set to go public through blank-check company

#Clover Health set to go public through blank-check company

“#Clover Health set to go public through blank-check company” Clover Health, a Medicare-focused insurance startup based in Jersey City, NJ, said Tuesday it will go public after merging with the latest blank-check company from Silicon Valley investor Chamath Palihapitiya. Clover, which has more than 57,000 members in seven states, will be valued at $3.7 billion….

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#Carl Icahn, Mark Rachesky in Navistar boardroom battle

#Carl Icahn, Mark Rachesky in Navistar boardroom battle

“#Carl Icahn, Mark Rachesky in Navistar boardroom battle” This big-rig truck merger could be headed for a collision course. Carl Icahn and other key investors in trucking giant Navistar are willing to sell it to a Volkswagen subsidiary for around $50 a share, valuing the maker of International semi trucks at a whopping $5 billion,…

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#Morgan Stanley officially closes all-stock E*Trade takeover deal

#Morgan Stanley officially closes all-stock E*Trade takeover deal

“#Morgan Stanley officially closes all-stock E*Trade takeover deal” Morgan Stanley has closed its acquisition of discount brokerage E*Trade, the investment bank announced Friday. The all-stock deal — valued at $13 billion when it was announced in February — gives New York-based Morgan Stanley a new consumer-focused arm amid a boom in retail trading during the…

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#LVMH sues Tiffany to get out of  billion takeover deal

#LVMH sues Tiffany to get out of $16 billion takeover deal

“#LVMH sues Tiffany to get out of $16 billion takeover deal” Louis Vuitton owner LVMH is escalating its efforts to wiggle out of a $16 billion takeover of Tiffany & Co. with a new lawsuit blasting the jeweler’s business prospects as “dismal” thanks to the coronavirus pandemic. The luxury conglomerate led by French billionaire Bernard…

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#Verizon scrambling to unload HuffPost as losses mount

#Verizon scrambling to unload HuffPost as losses mount

“#Verizon scrambling to unload HuffPost as losses mount” Verizon has been quietly scrambling to unload HuffPost as it grapples with continued losses at the left-leaning news and culture website, The Post has learned.  The telecom giant — which acquired the site formerly known as the Huffington Post as part of its $4.4 billion purchase of…

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#Caesars Entertainment eyes .7 billion William Hill takeover

#Caesars Entertainment eyes $3.7 billion William Hill takeover

“#Caesars Entertainment eyes $3.7 billion William Hill takeover” Caesars Entertainment said it’s looking to buy British betting house William Hill for about $3.7 billion as it moved to beat out a rival bid from private equity giant Apollo Global Management. The Nevada-based casino operator confirmed Monday that it’s in “advanced discussions” with William Hill about…

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